Tifton, Georgia Bank Gives SBA Loan to Carwashes Company

Get to know Tifton, Georgia banks that specialize in small business loans and know how to work with entrepreneurs. First Community Bank Of Tifton is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Tifton, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from First Community Bank Of Tifton. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
TIFTON, GA 31794

SBA Loan Lender

FIRST COMMUNITY BANK OF TIFTON
218 LOVE AVE
TIFTON, GA 31794

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

2/14/2001

Loan Approval Gross Amount

$571,357

Loan Approval from the SBA

Of the total $571,357 loan amount, the SBA guaranteed $428,518.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Community Bank Of Tifton that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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